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|Open Price$34.82||Day Change ($)-1.50|
|Day Range33.64–35.06||52-Week Range24.93–55.88|
As of Thu 4/28/2016 7:23:00 PM | USD
Legg Mason Inc ., the money manager best known as home to stockpicker Bill Miller, is folding Miller's Legg Mason Capital Management division into its ClearBridge Investments equity unit as assets have tumbled.
The firm is on the mend after a period of turmoil, but questions remain.
Who's sticking around--and what does it mean for shareholders?
Legg Mason Capital Management hopes so.
Plus, Hussman shareholders get a big break, and more.
T. Rowe Price readies an ultra-short bond fund, and David Resnick finally arrives at Third Avenue.
As part of Aberdeen's acquisition of Artio, some international fund managers to depart. Also, a management change on a T. Rowe Price health-care fund, Columbia hires Putnam's former asset-allocation head, and ClearBridge and Legg Mason Capital Management funds to merge.
UPDATE: Don't buy mutual funds, but do buy the companies that sell them